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Technology Stocks : Semi Equipment Analysis
SOXX 309.40+1.0%Dec 5 4:00 PM EST

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From: FJB2/10/2009 5:06:29 PM
   of 95530
 
TSMC's January sales down 59% year-to-year

Dylan McGrath
(02/10/2009 2:30 AM EST)
URL: eetimes.com

SAN FRANCISCO—Taiwan Semiconductor Manufacturing Co. (TSMC) posted unconsolidated sales of NT$12.44 billion ($367 million) in January, a decline of 5 percent from December 2008 and 59 percent from January 2008, the company said Tuesday (Feb. 10).
On a consolidated basis, TSMC's January sales were NT$13.13 billion ($387 million), down 9 percent sequentially and 58 percent year-to-year, the company said.

TSMC, the world's No. 1 semiconductor foundry, has been hit hard by the global recession and reportedly could see its capacity utilization this quarter fall below 40 percent, which would be an historic low.

The company last month reported fourth quarter 2008 sales of NT$64.6 billion ($1.96 billion), down 30.6 percent from the previous quarter and down 31.2 percent from the year-ago quarter.

Steven Pelayo, an analyst with The Hongkong and Shanghai Banking Corp. Ltd., predicts that TSMC will this quarter report its first operating loss since 1990.
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